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09/02/2015
REFSOYOIL APR DAILY TECHNICAL CHART
Date and Time
09/FEB/2015
STOCK: Ref Soy Oil
Apr
Call: BUY
CMP: 598
Initiation Level:
Around 588
Book Profit (Level 1):
598.
Book Profit (Level 2):
614
Stop Loss Below: 578
Conviction Level:
Moderate Risk.
Reasoning. (Read
Technical
commentary).
Short term Trend:
Bullish.
Medium Term Trend:
Bullish.
For the Traders: BUY
For Aggressive
Traders: BUY
Support: 588-582-572
Resistance-604-610-
617
Duration: 4-5 Days
Recommendation:-
On the basics of technical
and Fundamental analysis
we are Recommending to
Buy Ref Soy Oil Apr
around (585) with the
Stop Loss of below 578 for
the Target of 598and 615.
REF SOY OIL APR NCDEX
Ref Soy Oil Apr NCDEX: Prices rebounded firmly from the support 572.90 levels on dated 29
January 2015, prices traded higher in previous session made high of 601.50 levels and finally
closed at higher around 598 levels as improved domestic market demand kept trend up. Prices
are still strongly held the base support of 572, but major upside views are seen only once it
clears the technical resistance of 605 (at closing basis) towards 620/632 levels for the week.
Moreover, an increase in volume along with OI would support the upward bias. However, unable
to do so could see a range bound market and major weakness is seen only if prices close bottom
horizontal support of 572 that could negate present uptrend in the near term. India imported
11.62 million tonnes of edible oil during Sep-Oct 2013/14 compared to 10.68 million tonnes
during the same period previous season, stated the Solvent Extractors' Association (SEA). India’s
2013/14 soy oil imports stood at 1.95 Mn T against 1.09 Mn T in 2012/13 season. Palm oil
purchases were slightly lower at 7.29 Mn T against 8.29 Mn T last season. Sunflower oil imports
were recorded at 1.51 Mn T against 0.97 Mn T in 2012/13. Hence, we recommend buy on deeps
around 588 could see upward bias towards 598 followed by 614 for the week.
Date and Time
09/FEB/2015
STOCK: Mentha Oil Feb
Call: BUY
CMP: 768
Initiation Level: Around
750
Book Profit (Level 1):
755
Book Profit (Level 2):
768
Stop Loss: Below 720
Conviction Level:
Moderate Risk.
Reasoning. (Read
Technical commentary).
Short term Trend:
Bullish.
Medium Term Trend:
Bullish.
For the Traders: BUY
For Aggressive Traders:
BUY
Support: 755-735-715
Resistance-782- 799-
825
Duration: 4-5 Days
Recommendation:-
On the basics of Technical
and Fundamental analysis
we are recommending BUY
Mentha Oil Feb around 738
for the target of 760 – 778
with a strict stop loss of 715.
MENTHA OIL FEB
Mentha Oil: Prices skyrocketed higher from the support 723.20 levels on dated 23 January
2015, prices traded higher in previous session made high of 768 levels and finally closed at
higher at 770 levels as prices broke the trend line resistance of 785, bullish momentum could
continue towards 815/839 followed by 860 levels. Market traded bullish with improved
export as well as domestic market demand which helped the market to recover from lower
levels kept trend up. There are reports of pickup in demand at these levels but with high
stocks, the uptrend gets limited. The winter season export and domestic demand were
expected to pick up in the past few weeks Banning of Gutka in some states continues having
negative impact on Mentha Oil demand. However, the volume is seen steadying these days
along with a decline in OI suggests a downside directive moves, any trade below 725 could
extend the lower correction towards 705/690 levels. But the major weakness could be seen
only a break of 690 levels in the near term. On the other side, if prices breach 200 SMA
support of 735 in closing basis could turn the outlook into negative territory in the near term.
Hence, we recommend buy on deeps around 750 levels could see upward bias towards 775
followed by 798 for the week.
MENTHA OIL FEB DAILY TECHNICAL CHART
CCHATECHNICALCHART
Date and Time
09/FEB/2015
STOCK: Castor Seed Mar
Call: SELL
CMP: 4080
Initiation Level: Around
4020
Book Profit (Level 1):
3950
Book Profit (Level 2):
3730
Stop Loss: Above 4250
Conviction Level:
Moderate Risk.
Reasoning. (Read
Technical commentary).
Short term Trend:
Bearish.
Medium Term Trend:
Bearish.
For the Traders: SELL
For Aggressive Traders:
SELL
Support: 4020-3950-3730
Resistance: 4280-4360
Duration: 4-5 Days
Recommendation:-
On the basics of Technical and
Fundamental analysis we are
Recommending sell Castor
Seed Mar NCDEX below 4020
for the target of 3950 – 3730
with a strict stop loss above
4230.
CASTOR SEED MAR NCDEX
Castor Seed Mar NCDEX: Castor seed prices slumped in previous couple of days from the
high of 4259 level dated 02 February 2015 and made low of 4027 level dated 05 February
2015 and finally closed lower at 4080 level in previous week, besides, the decrease in OI may
keep profit booking for the next couple of days, as prices cleared the down trend line support
of 3950(on closing basis) for the strong downside rallies to 3830 followed by 3750 or even
lower to 3580 levels in the near term. Castor seed March as weak domestic market demand
high stocks and bearishness in International markets kept pressure on the domestic market
sentiments..
Total production of Castor Seeds in India for the year 2013-14 is 12.03 lakh tones. It has
decreased by 11% as compared to previous year. Estimated Total production of Castor Seeds
in India for the year 2014-15 is 12.30 lakh tones. It has decreased by 2.2% as compared to
previous year. Prices are however at strong psychological resistance level of 4500 for
February contract. Hence, we recommend sell only a voluminous break below 4020 could see
downside bias towards 3950 followed by 3730 for the week.
CASTOR SEED MAR DAILY TECHINICAL CHART
CHANA (Apr) CASOTOR SEED (Mar)
DHANIYA (Apr) JEERA (Mar)
TURMERIC (Apr) SYBEAN (Apr)
RM SEED (Apr) SYOIL (Apr)
•CONSOLIDATE
•SELL ON RISE
Trend
Strategy
•3660
•3590
Resistance
•3500
•3430
Support
•BEARISH
•SELL ON RISE
Trend
Strategy
•4350
•4230
Resistance
•4030
•3930
Support
•BEARISH
•SELL ON RISE
Trend
Strategy
•7980
•7700
Resistance
•7480
•7180
Support
•CONSOLIDATE
•BUY ON DEEPS
Trend
Strategy
•15300
•14800
Resistance
•14200
•13800
Support
•CONSOLIDATE
•BUY ON DEEPS
Trend
Strategy
•8480
•8350
Resistance
•7850
•7700
Support
•CONSOLIDATE
•BUY ON DEEPS
Trend
Strategy
•3600
•3530
Resistance
•3410
•3360
Support
•CONSOLIDATE
•BUY ON DEEPS
Trend
Strategy
•3420
•3360
Resistance
•3290
•3200
Support
•BULLISH
•BUY ON DEEPS
Trend
Strategy
•625
•605
Resistance
•583
•572
Support
TECHNICAL LEVELS
DISCLAIMER
The information and views in this report, our website & all the service we provide are believed to
be reliable, but we do not accept any responsibility (or liability) for errors of fact or opinion.
Users have the right to choose the product/s that suits them the most. Sincere efforts have been
made to present the right investment perspective. The information contained herein is based on
analysis and up on sources that we consider reliable.
Entering our site means that you have read, understood and agreed to everything that is written and implied in this
disclaimer note. RESEARCH is published solely for informational purposes and must in no way be construed as investment
advice for a specific individual. The information and views in this website & all the services we provide are believed to be
reliable, but we do not accept any responsibility (or liability) for errors of fact or opinion. Users have the right to choose the
product/s that suits them the most.
*Investment is subject to market risks.
Sincere efforts have been made to present the right investment perspective. The information
contained herein is based on analysis and on sources that we consider reliable. We, however, do
not vouch for the accuracy or the completeness thereof. This material is for personal information
and we are not responsible for any loss incurred due to it & take no responsibility whatsoever for
any financial profits or loss which may arise from the recommendations above.

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Weekly agricommodity report 09 feb2015

  • 2. REFSOYOIL APR DAILY TECHNICAL CHART Date and Time 09/FEB/2015 STOCK: Ref Soy Oil Apr Call: BUY CMP: 598 Initiation Level: Around 588 Book Profit (Level 1): 598. Book Profit (Level 2): 614 Stop Loss Below: 578 Conviction Level: Moderate Risk. Reasoning. (Read Technical commentary). Short term Trend: Bullish. Medium Term Trend: Bullish. For the Traders: BUY For Aggressive Traders: BUY Support: 588-582-572 Resistance-604-610- 617 Duration: 4-5 Days Recommendation:- On the basics of technical and Fundamental analysis we are Recommending to Buy Ref Soy Oil Apr around (585) with the Stop Loss of below 578 for the Target of 598and 615. REF SOY OIL APR NCDEX Ref Soy Oil Apr NCDEX: Prices rebounded firmly from the support 572.90 levels on dated 29 January 2015, prices traded higher in previous session made high of 601.50 levels and finally closed at higher around 598 levels as improved domestic market demand kept trend up. Prices are still strongly held the base support of 572, but major upside views are seen only once it clears the technical resistance of 605 (at closing basis) towards 620/632 levels for the week. Moreover, an increase in volume along with OI would support the upward bias. However, unable to do so could see a range bound market and major weakness is seen only if prices close bottom horizontal support of 572 that could negate present uptrend in the near term. India imported 11.62 million tonnes of edible oil during Sep-Oct 2013/14 compared to 10.68 million tonnes during the same period previous season, stated the Solvent Extractors' Association (SEA). India’s 2013/14 soy oil imports stood at 1.95 Mn T against 1.09 Mn T in 2012/13 season. Palm oil purchases were slightly lower at 7.29 Mn T against 8.29 Mn T last season. Sunflower oil imports were recorded at 1.51 Mn T against 0.97 Mn T in 2012/13. Hence, we recommend buy on deeps around 588 could see upward bias towards 598 followed by 614 for the week.
  • 3. Date and Time 09/FEB/2015 STOCK: Mentha Oil Feb Call: BUY CMP: 768 Initiation Level: Around 750 Book Profit (Level 1): 755 Book Profit (Level 2): 768 Stop Loss: Below 720 Conviction Level: Moderate Risk. Reasoning. (Read Technical commentary). Short term Trend: Bullish. Medium Term Trend: Bullish. For the Traders: BUY For Aggressive Traders: BUY Support: 755-735-715 Resistance-782- 799- 825 Duration: 4-5 Days Recommendation:- On the basics of Technical and Fundamental analysis we are recommending BUY Mentha Oil Feb around 738 for the target of 760 – 778 with a strict stop loss of 715. MENTHA OIL FEB Mentha Oil: Prices skyrocketed higher from the support 723.20 levels on dated 23 January 2015, prices traded higher in previous session made high of 768 levels and finally closed at higher at 770 levels as prices broke the trend line resistance of 785, bullish momentum could continue towards 815/839 followed by 860 levels. Market traded bullish with improved export as well as domestic market demand which helped the market to recover from lower levels kept trend up. There are reports of pickup in demand at these levels but with high stocks, the uptrend gets limited. The winter season export and domestic demand were expected to pick up in the past few weeks Banning of Gutka in some states continues having negative impact on Mentha Oil demand. However, the volume is seen steadying these days along with a decline in OI suggests a downside directive moves, any trade below 725 could extend the lower correction towards 705/690 levels. But the major weakness could be seen only a break of 690 levels in the near term. On the other side, if prices breach 200 SMA support of 735 in closing basis could turn the outlook into negative territory in the near term. Hence, we recommend buy on deeps around 750 levels could see upward bias towards 775 followed by 798 for the week. MENTHA OIL FEB DAILY TECHNICAL CHART CCHATECHNICALCHART
  • 4. Date and Time 09/FEB/2015 STOCK: Castor Seed Mar Call: SELL CMP: 4080 Initiation Level: Around 4020 Book Profit (Level 1): 3950 Book Profit (Level 2): 3730 Stop Loss: Above 4250 Conviction Level: Moderate Risk. Reasoning. (Read Technical commentary). Short term Trend: Bearish. Medium Term Trend: Bearish. For the Traders: SELL For Aggressive Traders: SELL Support: 4020-3950-3730 Resistance: 4280-4360 Duration: 4-5 Days Recommendation:- On the basics of Technical and Fundamental analysis we are Recommending sell Castor Seed Mar NCDEX below 4020 for the target of 3950 – 3730 with a strict stop loss above 4230. CASTOR SEED MAR NCDEX Castor Seed Mar NCDEX: Castor seed prices slumped in previous couple of days from the high of 4259 level dated 02 February 2015 and made low of 4027 level dated 05 February 2015 and finally closed lower at 4080 level in previous week, besides, the decrease in OI may keep profit booking for the next couple of days, as prices cleared the down trend line support of 3950(on closing basis) for the strong downside rallies to 3830 followed by 3750 or even lower to 3580 levels in the near term. Castor seed March as weak domestic market demand high stocks and bearishness in International markets kept pressure on the domestic market sentiments.. Total production of Castor Seeds in India for the year 2013-14 is 12.03 lakh tones. It has decreased by 11% as compared to previous year. Estimated Total production of Castor Seeds in India for the year 2014-15 is 12.30 lakh tones. It has decreased by 2.2% as compared to previous year. Prices are however at strong psychological resistance level of 4500 for February contract. Hence, we recommend sell only a voluminous break below 4020 could see downside bias towards 3950 followed by 3730 for the week. CASTOR SEED MAR DAILY TECHINICAL CHART
  • 5. CHANA (Apr) CASOTOR SEED (Mar) DHANIYA (Apr) JEERA (Mar) TURMERIC (Apr) SYBEAN (Apr) RM SEED (Apr) SYOIL (Apr) •CONSOLIDATE •SELL ON RISE Trend Strategy •3660 •3590 Resistance •3500 •3430 Support •BEARISH •SELL ON RISE Trend Strategy •4350 •4230 Resistance •4030 •3930 Support •BEARISH •SELL ON RISE Trend Strategy •7980 •7700 Resistance •7480 •7180 Support •CONSOLIDATE •BUY ON DEEPS Trend Strategy •15300 •14800 Resistance •14200 •13800 Support •CONSOLIDATE •BUY ON DEEPS Trend Strategy •8480 •8350 Resistance •7850 •7700 Support •CONSOLIDATE •BUY ON DEEPS Trend Strategy •3600 •3530 Resistance •3410 •3360 Support •CONSOLIDATE •BUY ON DEEPS Trend Strategy •3420 •3360 Resistance •3290 •3200 Support •BULLISH •BUY ON DEEPS Trend Strategy •625 •605 Resistance •583 •572 Support TECHNICAL LEVELS
  • 6. DISCLAIMER The information and views in this report, our website & all the service we provide are believed to be reliable, but we do not accept any responsibility (or liability) for errors of fact or opinion. Users have the right to choose the product/s that suits them the most. Sincere efforts have been made to present the right investment perspective. The information contained herein is based on analysis and up on sources that we consider reliable. Entering our site means that you have read, understood and agreed to everything that is written and implied in this disclaimer note. RESEARCH is published solely for informational purposes and must in no way be construed as investment advice for a specific individual. The information and views in this website & all the services we provide are believed to be reliable, but we do not accept any responsibility (or liability) for errors of fact or opinion. Users have the right to choose the product/s that suits them the most. *Investment is subject to market risks. Sincere efforts have been made to present the right investment perspective. The information contained herein is based on analysis and on sources that we consider reliable. We, however, do not vouch for the accuracy or the completeness thereof. This material is for personal information and we are not responsible for any loss incurred due to it & take no responsibility whatsoever for any financial profits or loss which may arise from the recommendations above.